The financial meltdown that led to the collapse of institutions like Lehman Brothers, Merrill Lynch and Goldman Sachs is now giving sleepless nights to placement coordinators in premier institutes like the IIMs.

This time of the year usually sees a flurry of activity as these institutes disclose data regarding the pre-placement offers made to 2nd year students. However, it’s all “quiet on the western front” for now. Recruiters like Lehman Brothers used to be the top cats on campus, grabbing available talent on Day Zero, offering mind-numbing salaries. All that is history now, and we’re likely to see traditional firms back in the swing of things. Given the scenario in the US, most students are also likely to take up offers from companies in India with rupee salaries. 

This has also affected those already employed with these leading lights of yore, as, faced with a bleak future (either be pink slipped or sign tough contracts), these employees have started looking out for more stable jobs, and are willing to consider a cut in their CTC.